Retirement plan

THE BAR ASSOCIATION OF SAN FRANCISCO PROFIT SHARING AND 401(K) PLAN

Name: SAN FRANCISCO BAR ASSOCIATION - THE BAR ASSOCIATION OF SAN FRANCISCO PROFIT SHARING AND 401(K) PLAN (2020) Form 5500
Creator: SAN FRANCISCO BAR ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BAR ASSOCIATION OF SAN FRANCISCO PROFIT SHARING AND 401(K) PLAN, SAN FRANCISCO BAR ASSOCIATION

SAN FRANCISCO BAR ASSOCIATIONEIN 94-0304950Plan #001PY 2020

301 BATTERY STREET, 3RD FLOOR - SAN FRANCISCO, CA 94111415-782-9000sfbar.orgLinkedIn51-200 employeeslegal services

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$14M

+0.7% from 2019

Total participants

179

-1.1% from 2019

Average account balance

$103,400

+8.2% from 2019

Annual return

12.26%

-8.98 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.50M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$85K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

195

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$250

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MOSS ADAMS LLP6+ years Filed as: MOSS-ADAMS LLP Service code 16 · EIN 04-2654524	Consulting	$7,500
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$4,408

Plan features & details

Pension benefit codes2F2G2J2T2E3H3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$14K

$128 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS-ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,400

$66,124+56.4%

$90,440+14.3%

$73,493+40.7%

Participation rate

61.1%

69.7%-8.6pp

72.7%-11.6pp

70.7%-9.6pp

Annual return

12.26%

17.65%-5.4pp

1294.38%-1282.1pp

28.51%-16.3pp

Employer contribution / active EE

$1,618

$2,346-31.0%

$3,263-50.4%

$2,270-28.7%

Participant deferral / active EE

$4,580

$3,039+50.7%

$3,964+15.6%

$3,740+22.5%

Admin fee / account holder

$107

$396-73.1%

$5,615-98.1%

$513-79.2%

Provider

Service type

Compensation

MOSS ADAMS LLP6+ years

Filed as: MOSS-ADAMS LLP

Service code 16 · EIN 04-2654524

Consulting

$7,500

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$4,408

THE BAR ASSOCIATION OF SAN FRANCISCO PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BAR ASSOCIATION OF SAN FRANCISCO PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion